Average inflation measured by CPI rose 6.99% to 2.31% in Australia in 2019, according to the National Statistical Office.
Historically, average inflation measured by CPI in Australia reached an all time high of 2.31% in 2019 and an all time low of -0.003% in 1962. When compared to Australia's main peers, average inflation measured by CPI in Indonesia amounted to 3.85%, 2.29% in Malaysia, 1.71% in New Zealand and 3.79% in Papua New Guinea in 2019.
Australia has been ranked 110th within the group of 172 countries we follow in terms of average inflation measured by CPI, 4 places above the position seen 10 years ago.
Inflation, CPI (Average) | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
Australia | % | 2.82% | 6.50% | 4.80% | 2.91% | 2.82% | ||||||||||||||||
Cambodia | % | 2.92% | 5.21% | 3.82% | 3.04% | 3.04% | ||||||||||||||||
Indonesia | % | 1.56% | 4.63% | 5.50% | 3.17% | 3.04% | ||||||||||||||||
Malaysia | % | 2.48% | 3.23% | 2.81% | 2.37% | 2.40% | ||||||||||||||||
New Zealand | % | 3.94% | 6.28% | 3.89% | 2.62% | 2.52% | ||||||||||||||||
Papua New Guinea | % | 4.49% | 6.60% | 5.40% | 4.90% | 4.60% | ||||||||||||||||
Philippines | % | 3.93% | 5.32% | 4.34% | 3.12% | 3.00% | ||||||||||||||||
Singapore | % | 2.31% | 5.54% | 3.00% | 2.01% | 1.48% | ||||||||||||||||
Thailand | % | 1.23% | 6.33% | 2.82% | 1.45% | 2.30% | ||||||||||||||||
Vietnam | % | 1.83% | 3.76% | 3.92% | 3.50% | 3.50% |